Salesforce Co-Founder Converts Stock Awards to Shares
The withholding entries are expressly tied to tax liability, and the report separately lists indirect holdings through a family trust and LLCs.
Rhea-AI Filing Summary
Salesforce, Inc. (CRM) Co-Founder Harris Parker reported that 1,269 and 1,272 restricted stock units converted into common shares on September 22, 2026. The related entries show acquisitions of 1,269 and 1,272 common shares, while 630 and 631 shares were withheld to satisfy tax liability at $233.28 per share. The report also lists indirect holdings through a family trust and LLCs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,541 shares exercised/converted
Exercise
13 txns
Insider
Harris Parker
Role
Co-Founder
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F5 | 1,269 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F6 | 1,272 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,269 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 630 | $233.28 | $147K |
| Exercise | Common Stock | 1,272 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 631 | $233.28 | $147K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,331 contracts (Direct);
Common Stock — 164,568 shares (Direct);
Common Stock — 914,987 shares (Indirect, By HJ Family Trust);
Common Stock — 115,840 shares (Indirect, By LLC BE);
Common Stock — 171,323 shares (Indirect, By LLC BN);
Common Stock — 115,840 shares (Indirect, By LLC NE);
Common Stock — 171,324 shares (Indirect, By LLC NN);
Common Stock — 115,840 shares (Indirect, By LLC ZE);
Common Stock — 171,324 shares (Indirect, By LLC ZN)
Footnotes (6)
- F1. Represents shares withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award.
- F2. Shares held in The G. Parker Harris III & Holly L. Johnson Family Trust.
- F3. The reported securities are held by an LLC that is managed by the reporting person and his spouse.
- F4. Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- F5. These restricted stock units vest as to 25% of the original grant on March 22, 2025 and vest as to 1/16 of the original grant quarterly thereafter.
- F6. These restricted stock units vest as to 25% of the original grant on March 22, 2026 and vest as to 1/16 of the original grant quarterly thereafter.
Key Figures
Common shares acquired upon RSU conversion: 1,269 shares
Common shares acquired upon RSU conversion: 1,272 shares
Shares withheld for tax liability: 630 shares
+2 more
5 metrics
Common shares acquired upon RSU conversion
1,269 shares
September 22, 2026
Common shares acquired upon RSU conversion
1,272 shares
September 22, 2026
Shares withheld for tax liability
630 shares
September 22, 2026
Shares withheld for tax liability
631 shares
September 22, 2026
Price per share for withholding entries
$233.28 per share
September 22, 2026
Key Terms
Restricted Stock Units, one-for-one basis, vesting, tax liability
4 terms
Restricted Stock Units financial
"Restricted Stock Units convert to shares of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
one-for-one basis financial
"convert to shares of common stock on a one-for-one basis"
vesting financial
"upon vesting and settlement of a restricted stock unit award"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax liability financial
"to satisfy the reporting person's tax liability"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were Harris Parker's Salesforce transactions made under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
